BTC shone brightly during the weekend trading session, demonstrating strong market energy, breaking through the critical resistance level of 102594 with a vigorous upward trend. To gain deeper insights into this market trend, analyzing key support and resistance levels is a precise approach.
First, looking at the support dimension, the current market is in a phase of minor fluctuations and corrections, with a precise landing pointing to the key support level of 101576. This level acts as a stabilizing anchor in the upward trajectory of the market; as long as it holds firm, it serves to solidify the foundation for a continuous upward trend, with subsequent upward momentum likely to be released smoothly, pushing prices steadily higher.
Next, discussing the pressure aspect, looking higher, 103655 and 104648 are like perilous passes that lie ahead, forming the core resistance zone impacting BTC's subsequent upward momentum. For the market to expand further upward space, it must gather sufficient strength to gradually conquer these resistance levels, overcoming multiple obstacles to ensure a steady and long-term ascent in prices.
At the same time, Ethereum (ETH) is also not to be outdone, bravely battling in the waves of the market, once again launching a strong attack towards the key four-hour support and resistance point of 3900. For ETH, support and resistance levels are equally the key codes that dictate market direction.
Focusing on its support system, if by the end of the four-hour trading cycle, ETH has not firmly established itself above the critical level of 3900, investors need to immediately tighten their nerves and closely monitor the lower critical support points such as 3830, 3800, and 3730. These support levels act like steady and powerful anchors; when ETH encounters downward pressure and prices are on the verge of collapse, they can timely provide support, stabilize the price trend, and prevent a significant decline.
Switching to the pressure perspective, if by the end of the four-hour trading ETH successfully anchors above 3900, it undoubtedly releases a strong signal that the correction phase has ended. At this moment, investors should look upward, focusing on the key resistance levels of 3946, 3988, and 4088, which stand like prominent milestones on the journey ahead, quietly waiting for ETH to break through one by one with market momentum and investor confidence, unlocking higher price ranges and writing a new chapter in the market.